performance management strategies (Appraisals)

Question 1

What is an appraisal?

Answer 1

Appraisal, often referred to as performance appraisal, is the formal assessment of how well an employee is performing their role in the business over a set period of time.

Question 2

Common methods of appraisal

Answer 2

*Essay method. A manager keeps a journal on each employee being appraised.
*Critical incident method. This is similar to the essay method except that the manager records only exceptionally good or bad aspects of work performance.
*Comparison method. Each employee is ranked according to a list of predetermined performance criteria.

Question 3

Advantages of performance appraisals

Answer 3

*information from the appraisal can assist managers when making decisions about pay increases/promotions or dismissals
*Feedback can help employees improve their performance. Employees can be provided with clear areas for improvement

Question 4

Disadvantages of performance appraisals

Answer 4

*Can be time consuming particularly if the cycle becomes shorter (such as monthly or weekly)
*Can be stressful for both managers and employees
*Staff who meet the performance standards may expect a raise or promotion.